Capital outflow from Russia reaches 30 bln dlrs since early 2011.
2011-05-26 11:27:10
Russian Central Bank governor Sergei Ignatyev said net capital outflow from the country reached 30 billion dollars in the first four months of this year.
Ignatyev was speaking at the 20th international banking congress in St Petersburg on Thursday.
"It is a rather large sum," he noted.
According to Ignatyev, it does not appear possible to give a simple and unequivocal explanation of the process.
"Perhaps, market participants doubt the stability of high oil prices and are expecting their decrease, which might weaken the rouble, or they are worried about growing imports as they increased by 40 percent in the first four months." It decreases the trade surplus, he said.
The Central Bank governor underlined that the main cause behind capital outflow is "the not-quite-favorable investment climate."